Why Economic Slowdown

My Dear Friends

I happen to attend the seminar on global crisis by Dr. Jean-Pierre Lehmann, Professor of International Political Economy, IMD Lausanne, Switzerland & Founding Director of The EVIAN He did throw light on following issues. What do you need to do effectively in these turbulent times? What issues are keeping top executives up at night in this global crisis? What are the prospects for globalization and implications for India?

I am here with highlighting the crux of it. 1. The global business environment has undergone the most profound transformation since last two centuries Driven by the global market and ICT revolution Collapse of the first and second /third world paradigm The dramatic re –emergence of China

As long as we rely on technical fixes to plug moral gaps and governments rush in with rescue packages that enable the merry-go-round to start up again, we are bound to keep lurching from frenzy to frenzyBy Robert Skidelsky

50% of the world population have less than 1% of global wealth

Thoughts and Suggestions by the Evian Group 1. 2. 3. 4. 5. 6. 7. 8. Fair Rules Strong Institutions to implement them The ethics to drive them The entrepreneurs to create wealth Inclusivity to empower those to the BOP The technologies to mitigate adversities The imperative to focus on the next generation Mind sets for Knowledge :